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15. Consider a firm with a net income of $20 million, revenue of $60 million and cost of goods sold of $25 million. If the

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15. Consider a firm with a net income of $20 million, revenue of $60 million and cost of goods sold of $25 million. If the balance sheet amounts show $2.5 million of inventory and $500,000 of property, plant & equipment, what is the inventory turnover? A) 20.00 B) 10.00 C) 15.00 D) 4.16 E) 12.50

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